New Issue: HSBC prices $80,000 digital barrier notes linked to AI Powered US Equity Adjusted index

By Angela McDaniels

Tacoma, Wash., May 4 – HSBC USA Inc. priced $80,000 of 0% digital barrier notes due June 3, 2025 linked to the AI Powered US Equity Adjusted Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus the greater of the index return and 34.5%. Investors will receive par if the index declines by up to 25%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital barrier notes
Underlying indexes:	AI Powered US Equity Adjusted Total Return index
Amount:	$80,000
Maturity:	June 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than zero, par plus greater of index return and 34.5%; par if index declines by up to 25%; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:	5,873.00
Barrier level:	75% of initial level
Pricing date:	May 31, 2022
Settlement date:	June 3, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40439J3M5

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